The stock of Whitecap Resources Inc. (TSE:WCP) is a huge mover today! About 956,020 shares traded hands. Whitecap Resources Inc. (TSE:WCP) has risen 8.26% since April 26, 2016 and is uptrending. It has outperformed by 3.03% the S&P500.
The move comes after 8 months positive chart setup for the $4.06B company. It was reported on Nov, 30 by Barchart.com. We have $12.47 PT which if reached, will make TSE:WCP worth $365.40 million more.
Whitecap Resources Inc. (TSE:WCP) Ratings Coverage
Out of 8 analysts covering Whitecap Resources Inc. (TSE:WCP), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. $18 is the highest target while $7.50 is the lowest. The $13.63 average target is 19.14% above today’s ($11.44) stock price. Whitecap Resources Inc. has been the topic of 23 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Scotia Capital maintained it with “Outperform” rating and $14.50 target price in Thursday, November 3 report. Barclays Capital downgraded the stock to “Equal Weight” rating in Wednesday, January 20 report. Raymond James maintained the shares of WCP in a report on Monday, June 6 with “” rating. TD Securities maintained Whitecap Resources Inc. (TSE:WCP) on Thursday, November 3 with “Buy” rating. BMO Capital Markets initiated the shares of WCP in a report on Thursday, January 14 with “Outperform” rating. On Friday, July 8 the stock rating was initiated by IBC with “Outperform”.
Another recent and important Whitecap Resources Inc. (TSE:WCP) news was published by Seekingalpha.com which published an article titled: “Whitecap Resources: Emerging Strong From Oil’s Downturn” on May 17, 2016.
Whitecap Resources Inc. is engaged in the acquisition, development, optimization and production of natural gas and crude oil in western Canada. The company has a market cap of $4.06 billion. The Firm is focused on providing sustainable monthly dividends and per share growth through a combination of accretive oil acquisitions and organic growth on existing and acquired assets. It currently has negative earnings. It has activities in Alberta, Saskatchewan and British Columbia.
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